Alphabet’s one year old cybersecurity company, Chronicle, is to be “absorbed” by its Google Cloud division because “customers have been seeking an integrated offering.” Chronicle’s malware analysis and security threat investigation tools are now seen as complementary to the security tools offered by Google’s cloud computing business.
Nordstrom and Rent the Runway have announced a partnership which aims to draw more foot traffic into the department store while making the clothing rental service more convenient thereby improving service to existing customers and attracting new ones. Continue reading
The lessening number of major US defense contractors has become a national security concern. Will Roper, assistant secretary of the US Air Force for acquisition, technology and logistics, has publicly stated when his service was formed in 1947, over a dozen companies could make airplanes. Mr Roper, who oversees an annual budget of more than $40 billion, told a defense technology conference: “Right now we are down to just a couple of companies who can build tactical airplanes for us. We need to do everything in our power to start opening up that envelope again,”
Walgreens Boots Alliance (WBO) reported better-than-expected quarterly profit as the drugstore chain benefited from a rise in branded drug prices and an increase in the number of prescriptions it fills in the United States. Continue reading
The US Food and Drug Administration (FDA) has approved Pfizer’s biosimilar to Roche’s cancer treatment Avastin. Pfizer’s Zirabev received approval for the treatment of five types of cancer, including colorectal and lung cancers. In 2017, Amgen’s Mvasi was approved by the FDA as the first biosimilar to Roche’s Avastin, which brought in revenue of $6.85 billion in 2018.
Students have been known to get on the wrong bus, especially elementary students who just enrolled in the school district. In other cases, a driver may call out from work at a moment’s notice, landing students on a different bus and leaving their parents confused. Continue reading
FedEx is suing the US government, saying it should not be held liable if it inadvertently shipped products that violated a government administration ban on exports to some Chinese companies. Continue reading
AbbVie, the drug manufacturer, says it will buy Allergan, maker of Botox, for about $63 billion. The purchase is intended to reduce AbbVie’s reliance on the arthritis treatment Humira, the world’s best-selling drug. Humira had revenue of about $20 billion in 2018. The deal comes only months after Bristol-Myers Squibb agreed to buy Celgene in a $74 billion transaction.
RC Willey Home Furnishings, a US furniture company owned by Berkshire Hathaway, is worried new clean air rules will cause transport disruption. The company is sufficiently worried it has brought forward the shipment of 450 container-loads of seating from China. Continue reading